This webcast, hosted by Duff & Phelps, will help both General Partners (GPs) and Limited Partners (LPs) further understand the requirements of ASU 2009-12 through a discussion of the new AICPA Technical Guidance.

Key Content:

Duff & Phelps' industry experts will clarify the following:

How LPs can demonstrate to their auditors that they have determined that NAV reported by their GPs is fair value derived

How LPs can rehabilitate NAV which is not fair value based

How LPs can bring "in-phase" NAV which is not as of the LPs measurement date

How GPs can demonstrate to their LPs that the GP process for determining fair value is compliant with Topic 820

Why GPs will be receiving pressure to accelerate the timing of their fair value estimates and financial reporting

Best practice GP procedures which facilitate the information needs of LPs